Active Network Management Market Overview:
Market Research Future (MRFR) claims that the Active Network Management Market 2021, after having reached a valuation of USD 728.3 Million in 2019, can expand to a size of USD 1,583.4 Million by 2027-end. It is also estimated that the market advancement rate can be 16.8?tween 2021 and 2027 (assessment period).
Active network management’s use is increasing in a number of applications such as real-time monitoring, grid asset monitoring, automation, and more. ANM’s deployment is quite widespread among leading analytics solution providers, including General Electric, ABB Ltd, Siemens AG, Schneider Electric SE, and others, since they help adjust the sensors data as well as the power flow within the grids and the substations.
Active Network Management Market is finding applications across industries, as they help offer streamlined monitoring of power distribution in real-time from connected devices like storage devices, smaller energy generators, renewable generation, and others. Further, the market is positively influenced by the increasing ICT spending by the government across developed and developing areas around the world, including Europe, Asia Pacific and North America.
The advancements in smart grids everywhere along with the rising use of renewable energy sources in the face of mounting environmental concerns are prompting smart grid vendors to widely deploy ANM solutions. But, the relatively lower awareness level about advanced smart grid solutions, especially in emerging countries can curb the market growth for ANM solutions in the years to come.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/7812
Top contenders responsible for the expansion of the active network management market size include Oracle Corporation (US), Schneider Electric (France), ZIV (Spain), GE (US), Landis+Gyr (Switzerland), Siemens AG (Germany), ABB Ltd. (Switzerland), IBM Corporation (US), Chemtrols Industries Pvt. Ltd (India), Smarter Grid Solutions (Scotland), Indra (Spain), Argand Solutions (UK), Cisco Systems, Inc. (US), Itron, Inc. (US), Camlin Ltd (Irelance), to list a few.
The study of the active network management industry comprises segments like component, organization size and application.
The geographic study of the active network management (ANM) market includes North America, Europe, APAC or Asia Pacific, and RoW or the rest of the world.
The North American market is mainly concentrated in countries like Canada, Mexico and the US. It is expected that North America can be the top-performing market for active network management in the approaching years, given the robust growth of the rugged power supply market. The substantial advancements in smart grid projects, surging use of IoT connected devices in the energy and utilities space and the mounting number of smart city projects increasingly adopting smart energy distribution strategies has led to the superlative market growth within the region.
With respect to market share, Europe can be the second-best market for active network management. The European market has been segmented into Germany, France, the UK, and more. Massive utilization of renewable energy sources paired with the sizeable investments by leading vendors to enhance the active network management offering to facilitate on time and low-cost data analysis induces significant growth of the ANM market in Europe. Germany is believed to be the highest revenue generating country in the regional market, while it is presumed that France can gain at the fastest speed during the forecast timeframe.
Out of all the regions, APAC is on track to become the fastest expanding market from 2019 to 2024, with the leading countries identified as India, Japan, China, to name a few. The fast expanding energy sector along with the surging deployment of modern smart grid solutions are touted to be the chief growth boosters in the regional market.
Developing countries in the South America and Middle East & Africa are anticipated to perform well, in terms of deployment of ANM solutions, thanks to regions comprising the most number of natural oil repositories. These regions are also investing considerably in a variety of smart grid solutions to better manage the business processes, which works in favor of the ANM market.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Access Report Details @ https://www.marketresearchfuture.com/reports/active-network-management-market-7812
List of Tables
Table 1 Global Active Network Management Market, By Region, 2018–2024
Table 2 North America: Active Network Management Market, By Country, 2018–2024
Table 3 Europe: Active Network Management Market, By Country, 2018–2024
Table 5 Asia-Pacific: Active Network Management Market, By Country, 2018–2024
List of Figures
Figure 1 Global Active Network Management Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of The Global Active Network Management Market
Figure 4 Value Chain of The Global Active Network Management Market
Figure 5 Share of The Global Active Network Management Market, By Country, 2017 (In %)
About Market Research Future
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.